BOI compliance ultimate protection service package

Important Update for US Business Owners and LLC Founders: The FinCEN Beneficial Ownership Information (BOI) reporting landscape has changed significantly. As of the March 26, 2025, interim final rule, U.S. domestic entities are now exempt from BOI reporting to FinCEN. This means if your company was formed under U.S. state law, you do not need to file BOI reports with FinCEN at this time. However, if your company is a foreign entity registered to do business in a U.S. state, you likely still have filing obligations. Foreign entities registered before March 26, 2025, had a deadline of April 25, 2025, while those registered on or after March 26, 2025, must file within 30 calendar days of registration. Penalties for non-compliance remain severe, including daily civil fines and potential imprisonment. Even if exempt, it's a best practice to maintain internal records of beneficial owners. Consider an 'Ultimate Protection' BOI Compliance Service Package for regulatory assessment, secure recordkeeping, ongoing monitoring, and legal support. Use these quick checklists: Are you a domestic entity? If yes, generally exempt, but keep records. If foreign and U.S.-registered, follow filing timelines. Onboarding checklist: gather entity documents, registration history, identify individuals with substantial control or 25% ownership, and prepare IDs. Security checklist: ensure encrypted storage, retention policies, and access logs. Trigger events checklist: monitor for new foreign registrations, beneficial ownership changes, or FinCEN guidance updates. Stay informed and ensure your business remains compliant.